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Jan 31, 2021
SeaChange Q4 2021 Earnings Report
SeaChange's financial performance improved with strategic roadmap execution in Q4 2021.
Key Takeaways
SeaChange International reported an increase in total revenue to $5.1 million compared to $5.0 million in the previous quarter, and a GAAP net loss of $4.4 million, an improvement from a net loss of $5.1 million in the third quarter of fiscal 2021. The company's operating expenses decreased by 54% year-over-year due to efficiency measures, and the balance sheet was bolstered with over $22 million in cash.
Implemented a strategic roadmap to drive scale and capture market share.
Enhanced the go-to-market strategy to position SeaChange as a leading enabler of video streaming services.
Secured a multi-year, multi-million-dollar contract with a major U.S. broadband service provider.
Realized a 54% year-over-year decrease in operating expenses due to efficiency measures.
SeaChange
SeaChange
SeaChange Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
SeaChange is focused on implementing its strategic roadmap to drive growth and profitability.
Positive Outlook
- Drive scale
- Capture market share
- Create greater value for customers and shareholders
- Building sales momentum
- Positioned at the epicenter of the video industry’s transformation to over-the-top (OTT) video streaming services
Revenue & Expenses
Visualization of income flow from segment revenue to net income